Retailers are considering next year to be recessionary

Retailers are considering next year 2014 to be recessionary and are ready that clients’ switching to economic segment. The situation is also sharpened by consequences of “demographic collapse” of 90s. Due to this there is a lack of consumers now. By experts’ opinion, in 2014 clients will be highly price oriented, part of them will chose discounters. Retailers are also predicting lots of takeovers and mergers.

According to analytical company «Romir» data, the rate of everyday buying activity in October 2013 decreased by 1% in comparison with September 2013. Nominal decline of the rate happened for the first time since 2008. In comparison with October 2012 the rate increased only by 1% in nominal terms, but in fact if taking into account the inflation the rate decreased by 5% in real terms.

In Tuesday Ministry of economic development and trade of the Russian Federation announced the estimate of basic macroeconomic rates for 2013-2015. Macroeconomic forecasts turned to be not so shiny: growth was about 1.4% instead of planned 1.8%, industrial output increased only by 0.1%, and investment rate grew up only by 0.2% instead of planned 2.5%.

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